Lake Oroville’s Christmas Spirit

As I said before: The Lake Oroville real estate market is certainly not short of it’s share of parades.

In case you missed it, or it was just too darned cold outside for you, here is a short video of the parade with only one small complaint. Can someone control the number of Santa Claus’s that are in the parade?  As one 4 year old girl put it. “There were 5 Santas in the parade and there is only supposed to be one Santa!”




Weekly Sales Update

Neither rain, nor sleet, nor snow, nor Arizona trip, will keep me from providing you, my loyal Lake Oroville real estate market readers, with the weekly sales activity number for last week.

You heard right, I am actually taking a few days of southwest r& r. But fear not, I have not forgotten my duty to you.

I hope you all had a great and blessed Christmas day and that you are planning for a safe New Years celebration.

Sales numbers for the week were actually pretty good considering that it was a major holiday week.  I have highlighted what I believe to be the stats of the week. Average sold price has been climbing the past 4 weeks and last week was the highest it has been in the past 10 weeks. The other stat of note is, once again, the number of single family Oroville homes for sale. The is number represents the fewest number of homes on the market since I have been bringing you this particular statistic beginning June 8, 2009.

As a seller, or potential seller, this is THE number to watch going forward. Smaller inventory will eventually translate into higher prices.

Well, that is all for know. I’ve got another “busy” day scheduled tomorrow as I do more trailblazing through the Arizona  desert on my quad runner.

MLS Stats for Oroville Area Week Ending Week Ending Week Ending Week Ending Weekly %
12/7/2009 12/14/2009 12/21/2009 12/27/2009 Change
# of Total Sales 8 9 13 11 -15.38%
# REO/Short Sales Sold (SS) 4 6 5 6 20.00%
% Sales that are REO/SS 50.00% 66.67% 38.46% 54.55% 41.82%
Avg. List Price $96,775 $93,865 $112,500 $127,354 13.20%
Avg. Sold Price $82,500 $91,783 $105,358 $131,627 24.93%
Sold Price % of Listing Price 85.25% 97.78% 93.65% 103.36% 10.36%
Avg. Days On The Market 108 45 157 103 -34.39%
Total Sales Volume $660,000 $826,050 $1,440,750 $1,447,900 0.50%
# of Single Family Listings 336 327 331 323 -2.42%
# Foreclosed On Market 35 35 38 39 2.63%
% of Foreclosed on Market 10.42% 10.70% 11.48% 12.07% 5.17%
# Short Sales on Market 45 44 44 44 0.00%
% Short Sales on Market 13.39% 13.46% 13.29% 13.62% 2.48%

Click here for expanded chart

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